Matthew Willens, a personal injury attorney, created the "Anything But Law School Graduate Scholarship" for students with a minimum GPA of 3.0 who are entering graduate school in a non-legal field.

Willens told NBC Chicago that the scholarship is intended to deter students from entering an already saturated industry where there are way more lawyers than there are available jobs. "I think law school is a wonderful thing -- it was a wonderful part of my life -- this is simply a supply-and-demand issue," Willens said.

Law school applications are beginning to reflect the lack of jobs in the field, NBC Chicago reports. The number of applicants for law schools is down nearly 18 percent since 2012, according to the Law School Admission Council.